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Cardano (ADA) Named One of the Most Undervalued Cryptocurrencies by Weiss Crypto Ratings

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Wed, 12/18/2019 - 17:50
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  • Cardano could be the real dark horse in the cryptocurrency industry, according to Weiss Crypto Ratings

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Contents

Weiss Crypto Ratings, a crypto division of the eponymous financial ratings company, recently put Cardano (ADA) in the spotlight by naming it one of the most "deeply undervalued" digital assets. It states that the price of ADA doesn't reflect the project's project's fundamentals, but the agency failed to elaborate on the rationale behind the bullish call. 

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A soft spot for Cardano 

Back in November, Weiss concluded that Cardano was "vastly superior" to EOS. The latter fell out of the agency's good graces due to its centralized governance model. 

Weiss also praised Cardano for thoroughly researching and testing new features before they get rolled out. 

ADA received a B+ for technology and adoption while its risk-reward mark is only E+. According to Weiss, the project's technology is excellent but its price performance is very weak.  

Cardano
image by weisscrypto.com

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Moving towards decentralization 

After numerous tedious delays, Cardano is finally moving forward with the Shelley era to implement its vision of a decentralized public blockchain.   

As reported by U.Today, Cardano recently released the Daedalus Rewards wallet for staking ADA tokens after its incentivized testnet went live three days earlier. 

Cardano-focused research and development company IOHK revealed that they had managed to onboard 120 staking pools on the first day

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

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  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com
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Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

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Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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